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India is planning to set up a voluntary carbon market with the aid of the World Bank, the country’s climate change minister said Thursday.
Australia’s Climate Change Authority (CCA) on Thursday launched a review of the government’s Emissions Reduction Fund, asking for stakeholder comments on a wide range of issues including potential ties to the international carbon market and the fund regulator’s purchasing strategy.
New Zealand carbon allowances edged up again on Thursday to hit a fresh high for 2017 as buyers continued to react bullishly to the close election race.
ICIS’ chief China carbon market analyst is leaving the company to join Shell’s emissions trading desk in Beijing.
The head of Czech brokers Virtuse’s China office has left the company.
Post-2020 EU ETS reforms due to be agreed by year-end will help make German utility Uniper an attractive target for rival RWE because Uniper’s cleaner portfolio will become more valuable.
EU carbon prices ended below €6 for the first time in five days as a bearish mood about tomorrow’s resumption of full-sized auctions outweighed a bullish energy complex.
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As partners of the Carbon Forward 2017 conference, Carbon Pulse brings you an updated conference programme showcasing the speakers and panellists who will present at the event in London over Sep. 26-28. You can view the updated programme here.
BITE-SIZED UPDATES FROM AROUND THE WORLD
Carbon calculus – Colorado and Minnesota have added carbon costs to planning guidelines. Now other US states are following suit. In a feature piece published Thursday, Utility Dive explores how states are developing and implementing replacement social carbon costs in their operations after the Trump administration scrapped the program earlier this year.
Sununu is satisfied – New Hampshire Governor Chris Sununu praised the new draft of post-2020 goals for RGGI as a step in the right direction. “We have to make sure we stay competitive, both economically socially and environmentally. We understand what the goals of the program are,” Sununu said Tuesday, as reported by New Hampshire Public Radio. “So, given the program and where we are today, I’m very happy with the deal that’s been struck.” Sununu previously said he would consider withdrawing from the program, but only if if other states did as well. New Hampshire and Maine have both requested to be exempt from the market’s proposed Emissions Containment Reserve – a new mechanism aimed at curbing allowance supply if prices fall too low.
A friend in Mutti – The German steel industry has found in Chancellor Angela Merkel an ally “in its fight against further CO₂ reduction requirements,” WirtschaftsWoche reports (in German, behind a paywall). In her annual summer press conference, Merkel said “solutions had yet to be found” for reform negotiations on the fourth phase of EU ETS. (Clean Energy Wire)
Oil free by ’35 – Greenpeace Germany has published a study proposing “ambitious measures” to decarbonise German transport by 2035, carried out by Wuppertal Institute for Climate, Environment and Energy. To succeed, the scenario demands “a comprehensive paradigm shift in all sectors and courageous structural changes”. This includes a cut in passenger transport and slower growth of freight transport with “innovative strategies to avoid traffic”. The scenario also involves a shift from private cars to public transport, non-motorised transport, and shared mobility, and from freight transport by road to rail and inland waterways. The internal combustion engine is replaced by e-mobility and alternative fuels. Read more here (in German). But the latest data shows Germany is headed in the wrong direction. Its petroleum product sales rose by 3.5% in H1, the Federal Office of Economics and Export Control (Bafa) said in a press release. Compared to the same period last year, German diesel sales climbed 4.5% and petrol 3.4%, while biodiesel sales fell by 7% and bioethanol by 1.3%. (Clean Energy Wire)
And finally… The game-changer is afoot? – On a small lot between Houston and the Gulf Coast, in an industrial zone packed with petrochemical factories and gas pipelines, a little-known company is finalising construction of a demonstration power plant that could represent a genuine energy breakthrough. If it works as expected, Net Power’s $140 million, 50MW natural gas plant will capture effectively all of the CO2 it produces, without significantly higher costs, in part by relying on the GHG itself to crank the turbine that generates electricity. The technology could enable a new generation of plants that provide clean power, without the development risks of nuclear, the geographic restrictions of hydro, or the intermittency issues of solar and wind. Crucially, future plants of this type could also rely on the nation’s abundant supply of cheap natural gas. Read more about this from MIT Technology Review.
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